For many working families in the United States, it only takes one accident, illness or sudden event to change financial situations. Even if you work hard and keep reasonable balances on your credit accounts, missing work for a week or more could be financially devastating.
When your start-up opened its doors, you felt like you had a terrific product. You felt sure the company would thrive.
Doing business means handling a lot of different concerns at the same time. You need to balance the budget, ensure there is sufficient work to keep your staff working and constantly pursue new contracts and growth. You do your best to uphold your side of any deal or contract. After all, your profits and your reputation are on the line otherwise.
When you and your spouse got married, you signed a prenuptial agreement. You hoped the marriage would last, but you were realistic. You knew it may end in divorce, and you wanted to make sure you protected your own assets and interests. It was easier to agree on things while you were still on good terms, rather than waiting for the divorce.
If you've taken the time to create a last will or estate plan, chances are good that you have family members, loved ones or heirs that you want to receive specific assets from your estate. Whether you hope to provide financial security for a special needs child or grandchild or want to ensure that each of your children receives certain, specific assets, estate planning allows you control over how your possessions get disbursed after your passing.
You're planning a merger with another company. You have talked to the owner extensively. You believe you'll both thrive if you work together. You're excited about the shift in direction and what the future holds.
If you are in a difficult financial spot, you may turn your attention to bankruptcy. You could soon find that this is one of the better ways to improve your finances and put your life on the right track.
You've heard all your life about the negative sides of bankruptcy. People try to scare you out of it, acting like you'll never get a loan again. Or they try to shame you out of it, saying you have an obligation to pay those debts and doing anything else is wrong.
You and your business partner met when you were both in college. You've now graduated and you want to work together.
In the early days, your new business idea is exciting. It's fresh. It's invigorating. You can't wait to get it off the ground.